Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
L2 anyone?
That's the one I'm talking about, that Bramabill linked to that was deleted. They paid AK in shares for the loan, and AE*Y RSed 50 to 1.
It was a valid way to screw shareholders upon uplisting.
And could have just as easily been put up by a pumper to say, "See, they're legit.".
"There have been no verifiable negative connections to this fund to date. "
There have been no verifiable connections at all.
The only proof that this fund exists is the one from Bramabill regarding the terms from a similar transaction/LOC with another company which is being shot down because people prefer not to believe that LOCs for pinks with unknown revenue are paid for by shares.
I did too. We'll see. I'm sure Atlas will get quite a few emails this morning. A website being down is one thing. No cached version raises more eyebrows.
Cached links have been killed too.
This is an identical site, but the original posted by akaOutlaw is dead now.
http://atlascapitalpartners.org/financial_experts
She represented Octomom.
Thanks. That was helpful and something I didn't find in perusing the various forms.
BUT many seem to completely ignore (directly after bid/ask price on the form):
If you are requesting to enter a bid and/or ask price, you must also provide a clear statement of the
following information:
The basis upon which the priced entry was determined:
The factors considered in making that determination:
I want proof that an uplisting allows a company to name their own PPS. It simply isn't true. If you can't understand that "the CEO in question said so" isn't a valid answer, then I can't help you.
Did you follow the link? It's not a lender, its some guys who do some seminars. I can give you a 20 million LOC right now. Of course I'll define the terms (of which you will never meet).
He said that. Do you not understand that I want ANY evidence that that is even possible other than the CEO who didn't know it was possible and said so in his podcast?
Have you seen the "lender".
Courtesy of Vipyr's twitter:
http://www.gatewayseminar.com/
There will be more strings attached to using this LOC than are in a box of YOYOs.
I'm well aware of a company uplisting. One of my other holdings just uplisted. And guess what, they didn't pick a PPS out of thin air. They maintained their pink PPS. Your article said nothing about the company picking their starting PPS. Care to share a link/article/etc?
You forgot:
He needs to uplist using probably an SB-2 which allows (from Investopedia)
Form SB-2 - To Raise Capital in Any Amount
If your company is a "small business issuer," it may register an unlimited dollar amount of securities using Form SB-2, and may use this form again and again so long as it satisfies the "small business issuer" definition.
PRINT SHARES.
It's a self imposed PPS of .02-.05. Didn't YOU listen to the podcast? From the horses mouth.
otcqb has no minimum PPS.
No. Just needs proper filings ($$) up to date. PPS can stay where it is.
Even I don't care about that. I think the demo they are currently targeting cares a bit less about their teenagers dropping f-bombs than your average suburban private school family.
Plus it isn't a websites responsibility to parent. It's the internet. I can find pretty much anything I want with a Google search.
<positive mode> It would be nice to hold an uptick today. </positive mode>
Dated 6/22/2010 8:45am EST
> ToWhom It May Concern,
>
> The investor relations person for Indocan Resources Inc. indicated
> that there has been a letter of intent signed with GIMU regarding a
> "South African Gold" joint venture and possibly even a merger but that
> the PR for the deal is at the discretion of GIMU.
>
> Can anyone at Global Immune offer any comment on this, whether it be a
> confirmation, outright denial, or "no comment at this time"? Many IDCN
> investors are questioning the validity of the statement and if it is
> indeed false, and the GIMU name/ticker is being used without consent for
> the financial gain of another company, perhaps GIMU can shed light on
> this (mis)information.
>
> Sincerely, <name deleted>
Dear <name deleted>,
GIMU does NOT have any joint venture with anyone that is not announced to the public.
Regards,
Don Perks
I'm well aware. And then the dilution can begin over again. Not saying this will RS, but I understand where you're coming from.
I'm already in. Don't take me as your general basher. I've got my divi, I've got my shares, and I'm waiting til I'm either comfortable with the loss, or I'm surprised and take a profit. Because I hold shares doesn't mean I can't be skeptical of things said or actions of the CEO. When I got in the share structure was more to my liking. Hell, if someone shows me ANY proof that an uplisting equals a 50 bagger as the CEO clearly stated in his podcast, please prove it to me so I can dance a jig, refi my house with cash back, and walk away with my 20 million bucks.
That's if you (I) believe what he said. He lost me with the bull about the TA and the bull about naming his PPS upon uplisting.
I can walk into a used car dealership and have the salesman tell me what a great car the Yugo is. Do I take his word for it or do research myself?
I already know all of his answers. They're in the many replies which tell me to listen to the podcast (which I have 3 times now). It's the source of my questions.
I'm trying to have a discussion yet none of the supporters will comment/answer any more than "listen to the podcast". The podcast is the origin of my questions, not the answer to them.
1) gagged TA is bad regardless of how TA wants to spin it.
2) in none of my DD have I found a single blurb about a companies ability to name their own price upon uplisting. Can any of the supporters point to any document, website, example of this ever happing, aside from a RS?
3) Had the divi PR acted like the CEO said it would, we would have had a short squeeze with a PPS climb on higher volume without the precipitous drop we experienced shortly after the spike. Instead, this acted exactly like I expected:
a) print shares
b) pay artists with shares
c) PR divi
d) spike from PR
e) selloff from artists with resulting drop in PPS (no sustained PPS gains).
There is no misinformation on a gagged TA. It is a pink red flag. A huge one. The only reason to do it is to hide dilution. But hiding dilution is for our own good because we shareholders are too stupid to understand the concept of paying for talent? A CEO who speaks to shareholders as if they are 3 year olds is another pink red flag.
I'm not crying scam as others are, because there is tangible evidence that the CEO is working and moving forward with a plan. But if that plan excludes a return on MYinvestment, then I'm blaming myself because I didn't follow "pink trading 101" guidelines to not getting burned.
I don't need to call the CEO. He answered my questions in the podcast. I'm just not happy with the answers.
It's hard to tell skeptics (me included) to listen to and believe the CEO of whom they are skeptical. This is the CEO who claimed that a gagged TA is a good thing and gagging the TA was the shareholders fault.
I can show you EVERY penny trading FAQ type site that shows that a gagged TA is a bad thing. Can you show me one website that indicates that uplisting from pink to OTCBB allows the company to name it's share price?
The already paid divi shares are restricted, aren't they?
I know mine are still listed as ENTIZZ with Zecco, so I can't trade them. That might be a Zecco specific thing though.
From the sticky.
Encounter Technologies, Inc. (PINKSHEETS: ENTI) announces the Board of Directors voted to approve a 4% 2011 Annual Restricted Common Stock Dividend for shareholders. Every quarter in 2011, the shareholders of record will receive a restricted stock dividend equivalent to 1% of their recorded shareholdings.
Works for me. :)
latest as of Dec. 10 is here:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=40859
OS 7,331,348,421
Pref A outstanding: 11,135,000
Pref B outstanding: 24,757,000
Pref C : 0
Did he tell the shareholders of the the increase of OS from Sept 24 at 4.5 billion to Dec 10 at 7.3 billion?
The preferred A and B didn't change (much) in that time period. That would lead me to believe that people were paid in common stock of the close to 3 billion OS increase.
I am not a basher but I'm not a pumper either.
I still hold shares (and have for quite some time) and like the progress of the MMX but that doesn't mean I have to like the share structure, or the gagged TA. Anyone who buys a CEOs reasoning for having a gagged TA is moronic.
If that was the case, this thing would be trading a billion+ shares daily and the PPS would already be walking up.
Don't believe everything a pink CEO tells you.
I'll see if I can dig it up tomorrow. It's from my work email and I'm home today.
Deal to sell solar activated wiener cream.
I emailed the contact at GIMU the day of that announcement and he said any deals would be press released by GIMU first.
As of Dec 10, Outstanding shares of common stock was 7.33 billion. Shares of preferred A was 11,135,000. I'm not sure how they convert.
Outstanding shares of preferred B was 24,757,000. Those convert to 4 to 1 common shares which is 100 million to the 7.33. That makes 7.43 billion shares of the 10 billion AS, not including converting preferred A.
No speculating in that. Plus who knows how many preferred shares have been issues since Dec 10 to pay artists?
You don't really think that a 20 mill LOC is an open checkbook to spend up to 20 mill whenever they please (like a home equity LOC) do you? With a home equity LOC, you're putting up your house against that. And not the appraised value of your house, the value of your equity in the house.
That LOC is based on equity, revenue and shares available to pay it off. These happen all the time in pinky land, and OTC, but don't really give the company added value as they are what they are. If you get 10 credit card offers for $500 each does that make your personal value $5000 more?
I agree. I don't plan on flipping this. But if it uplists, and actually does go to a .02-.05, it'll be pretty hard to ignore the monster profit and hope it runs higher without taking a big chunk off the table. Many of us have restricted divis anyway, so even a monster run keeps me long by default.
Longs are only as long as their sale price hasn't been met. :)
Enjoy your holidays.
New is only positive if he follows up on it. He doesn't have a very good track record with that, does he? In fact, he's batting a big goose egg on following up on his PRs.